ICYMI: Grassley Delivers for Soybean Farmers, Biodiesel
Dec 18, 2019
Here’s what advocates are saying about the Biodiesel Tax Credit extension secured by Sen. Chuck Grassley (R-Iowa) in negotiations this week with House and Senate leadership, which the Senate will take up this week:
“Passage of the biodiesel tax credit is much-needed good news in rural America. We thank Senator Grassley for working into the wee hours of the morning to ensure this crucial policy finally moves forward. This credit has long been a priority for the Senator, and as Chairman of the Senate Finance Committee he has shepherded it through to spark the growth of next generation biofuels.”
“We express the utmost gratitude to Sen. Chuck Grassley, our most ardent champion, for fighting for this policy. The entire U.S. biodiesel industry owes him our humble thanks for his leadership.”
“Biodiesel adds value to every bushel of soybeans… The Iowa Soybean Association is grateful for Iowa Senators Grassley and Ernst for their steadfast leadership and tremendous support…”
“This is welcome news for the entire renewable fuels industry, and we thank Senator Grassley, Speaker Pelosi and other congressional leadership who made this important compromise possible.”
“ASA is grateful to Congress for its support of the tax credit—which will help expand markets for soybean growers during an unsteady time.”
Read more about the expected extension from Iowa Public Radio:
Sen. Chuck Grassley, R-Iowa, worked late into the night Monday to Tuesday finalizing a deal on the so-called tax extenders.
“I’m happy to report, we’ve restored the $1 per gallon biodiesel tax credit, and we did it retroactively to its expiring on Dec. 31 2017,” Grassley said. That means it will apply to 2018 and 2019 and the provision also calls on it to continue through 2022.